NZDUSD testing resistance, potential for a reversal!
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NZDUSD is testing its resistance at 0.7322 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential reversal might happen, causing price to push down to its support at 0.7272 (61.8% Fibonacci extension, 38.2% Fibonacci extension, 38.2% Fibonacci extension, horizontal overlap support). If it breaks past this support, it could fall to its next at 0.7247 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed nicely off its support at 97%. We have also identified a bearish divergence with price which contributes to our bearish bias.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.